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i'm not a big fan of the joint committee. but remember, this is probably going to be as good of an outcome as we can get, and most of us will have to accept things we don't like in the final product. >> senator mccaskill, you were in your office yesterday. we have pictures of you on the phone talking to constituents. and you sent out a tweet during the day that caught my eye -- "just spent a couple hours answering the phone in my office. dominant message, don't cut social security or medicare and compromise." and yet, the big fight we know right now is over the enforcement mechanism. again, more washington talk. what it means is you cut a certain amount up front to raise the debt ceiling, and then there's a second stage of cuts that comes, and there is this committee that tries to agree on those cuts. and if you don't do it over this ten-year span, something forces congress's hand. so, how do you not put social security benefits or medicare benefits into that potential enforcement mechanism when they're what are driving the d
i'm not a big fan of the joint committee. but remember, this is probably going to be as good of an outcome as we can get, and most of us will have to accept things we don't like in the final product. >> senator mccaskill, you were in your office yesterday. we have pictures of you on the phone talking to constituents. and you sent out a tweet during the day that caught my eye -- "just spent a couple hours answering the phone in my office. dominant message, don't cut social security or...
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not a big one but little one. slight downgrade even if a deal is reached and finally the serious one, which it looks like we're headed towards avoiding is a major downgrade if the u.s. defaults on payments. everybody seems to be saying we heard mitch mcconnell saying we're not headed towards a default. everybody thinks they have a science as to what's going to cause a default and what isn't. the ratings agencies, fred, have not been fantastic at doing their work. we know this from 2008, from the layman brothers debacle. we may not have dodged a downgrade entirely but may have dodged the worst of it. the us has never been anything but aaa since the first rating by moody's in 1917. most pay to be rated by the way. the u.s. does not pay to be rated. we pay $250 billion at the federal level in interest payments every year. that of course is what would go up if we lost the rating, fred. >> this past week, aali, the dow dropped 500 points or so, so if no deal by today and once the asian markets do open up, if it's about
not a big one but little one. slight downgrade even if a deal is reached and finally the serious one, which it looks like we're headed towards avoiding is a major downgrade if the u.s. defaults on payments. everybody seems to be saying we heard mitch mcconnell saying we're not headed towards a default. everybody thinks they have a science as to what's going to cause a default and what isn't. the ratings agencies, fred, have not been fantastic at doing their work. we know this from 2008, from...
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there will be -- education will take big hits with the pell grants. to achieve the so-called cuts they are talking about would mean that a lot of people could be severely hurt. >> but we cannot sustain this level of debt forever. >> we cannot, but here is what is wrong -- we have to get control of the deficit, but we do not want to do anything on the revenue side. all of the pain is coming from the cuts. you are still leaving those tax cuts to the wealthy untouched, still living subsidies in for the oil companies untouched. everything to the poor folks and middle-class folks, they bear the brunt of it. >> met monday this week -- "my view is we should have a president who agrees to cut, cap, and balance the budget" -- mitt romney. >> he does not want to get too far out on a limb in the spirit in the grand bargain, there were revenue increases, closing loopholes that nobody wants to defend, except for grover norquist, who is having an incredible amount of power in this debate. there's a counter intuitive thing here. you have to spend some to get out of
there will be -- education will take big hits with the pell grants. to achieve the so-called cuts they are talking about would mean that a lot of people could be severely hurt. >> but we cannot sustain this level of debt forever. >> we cannot, but here is what is wrong -- we have to get control of the deficit, but we do not want to do anything on the revenue side. all of the pain is coming from the cuts. you are still leaving those tax cuts to the wealthy untouched, still living...
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big government and big banks have failed us. the crushing weight of the potential markets have yet to be fixed. that has helped to inhibit the ability of the american people to move forward. it is never a failure of the american people. that is not why we are having the difficulties we are having. it is the failure of governments to affect the larger institutions. for a period of time, you are about something that is too big to fail. they already have. they continue to drag down the ability of the american people to move forward. it is a change to actual leadership and a change to bring government into the 21st century, a realization that what has happened on wall street has failed. allow the american people to six those problems and moved forward. for the republicans, everything in the world is moving toward empower you to make more and more of your own decisions. it is what the basis of the free republic is. it is the basis of voluntary community organizations. these are the things that are happening. the only concern people h
big government and big banks have failed us. the crushing weight of the potential markets have yet to be fixed. that has helped to inhibit the ability of the american people to move forward. it is never a failure of the american people. that is not why we are having the difficulties we are having. it is the failure of governments to affect the larger institutions. for a period of time, you are about something that is too big to fail. they already have. they continue to drag down the ability of...
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if you could get back up to 15 million cars, it would make a big difference. does this incredible month or two of wrangling in washington and the sense we can't get our house in order and we're so divided, do you think this hurts in a measurable way? >> well, you're right. nature abhors a vacuum and markets abhor uncertainty. uncertainty undermines consumer confidence. consumer spending in our country accounts for about 65% to 70% of the gdp. so when consumers lose confidence, they hesitate, not as bullish, not spending money. it does have an impact on the economy. but there are all sorts of uncertainties. you name one. the oil spikes earlier in this year. we got off to a pretty good start in 2011. then oil spiked above $100 a barrel. that particularly concerned our industry. then there was the tragic earthquake and tsunami in japan. that threw a lot of uncertainty into our industry. so there are all sorts of uncertainty. that's what we get paid to do, is to manage through that. it keeps me awake at night. >> the world you're describing is one where a lot of t
if you could get back up to 15 million cars, it would make a big difference. does this incredible month or two of wrangling in washington and the sense we can't get our house in order and we're so divided, do you think this hurts in a measurable way? >> well, you're right. nature abhors a vacuum and markets abhor uncertainty. uncertainty undermines consumer confidence. consumer spending in our country accounts for about 65% to 70% of the gdp. so when consumers lose confidence, they...
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the republican party has to rethink is it in favor of big spending cuts? yes. and balancing the budget down the sfrood yes. but you have to look at revenues in some fashion. you cannot be that ideological. >> they have to show the ability to govern. at the end of the day it doesn't matter if they can win a political policy argument. >> we're debating their argument. we're debating how much to cut spending. >> but the trust in them governing is the issue now that they have to overcome. >> and one other thing. i really think that we are underestimating the reaction on the left progressive, whatever you want to call it. the progressive caucus, democrats are really angry at the president. >> where do they go though? it is interesting, normally you'd say maybe there will be a primary challenge, maybe there will be a draft russ feingold, bernie sanders. you couldn't see this show up in the president personally. there's this loyalty to him that he has that seems to bridge that divide between what are progressive elites versus the progressives in public opinion. >> lac
the republican party has to rethink is it in favor of big spending cuts? yes. and balancing the budget down the sfrood yes. but you have to look at revenues in some fashion. you cannot be that ideological. >> they have to show the ability to govern. at the end of the day it doesn't matter if they can win a political policy argument. >> we're debating their argument. we're debating how much to cut spending. >> but the trust in them governing is the issue now that they have to...
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. >> i want to talk about the big month coming up in iowa in august. there's a lot going on in the g.o.p. primary. can you handicap the race for us a little bit in iowa and specifically handicap the straw poll, as you see it now, a couple of weeks out? >> well, first of all, it's a very fluid situation. as you know, the last time romney won the poll but then the iowa caucuses was won by governor huckabee. since huckabee decided relatively late not to run, things are wide open. and romney is not competing in the straw poll. so, you know, the two -- romney is the national frontrunner but not competing in the straw poll. so you've got a wide open situation. congressman michelle bachmann was born and raised in iowa. i think she got off to a really good start here. governor pawlenty, the former governor of minnesota, although he's not done well in the polls, he may surprise some people i think he may do better than people expect. also, you got ron paul, who's going to be competitive in this. herman cane. rick santorum. just recently rick perry, although he'
. >> i want to talk about the big month coming up in iowa in august. there's a lot going on in the g.o.p. primary. can you handicap the race for us a little bit in iowa and specifically handicap the straw poll, as you see it now, a couple of weeks out? >> well, first of all, it's a very fluid situation. as you know, the last time romney won the poll but then the iowa caucuses was won by governor huckabee. since huckabee decided relatively late not to run, things are wide open. and...
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so there was a big fight. saul bellow had made one of my favorite memories and the festival were the opening ceremony was the public library, and because norman mailer had in many people's views invited secretary of state george shultz to deliver the opening address, not long after he made a statement supporting the apartheid regime in africa which meant the south african writers boycotted the event. because he was there there was a in almost presidential level of security around the public library, and we all had to bring various forms of id and he forgot to bring his ied. and this was actually quite soon after he won the nobel prize so there was an extraordinary fight and i saw him on the chair like this outside the entrance not being allowed in on till norman mailer camera panned vouched for him. you can just imagine how much he had enjoyed being vouched for. the nobel laureate was. so it was a very contentious time, but one of the reasons it was contentious is all of us believed the public role of the writ
so there was a big fight. saul bellow had made one of my favorite memories and the festival were the opening ceremony was the public library, and because norman mailer had in many people's views invited secretary of state george shultz to deliver the opening address, not long after he made a statement supporting the apartheid regime in africa which meant the south african writers boycotted the event. because he was there there was a in almost presidential level of security around the public...
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one of the big victories that the g.o.p. won through this is to completely move the debate in the direction of spending cuts. they're still at risk of snapping defeat from the jaws of victory overplaying their hand and insisting on their way or the highway. the difference i think is the hit that the g.o.p. is taking from this, as your polls have shown, is probably more transtory. obama has still got to run on the national economic situation in 2012. he can't escape that. for him it's not debt number, it's the unemployment number. that is the risk. his loss is shallower than the g.o.p.s but they're longer lasting. >> bret: steve? >> he got an argument. one thing that the white house wanted out of the debate is the republicans are really putting the economy at risk. you are seeing this, you saw it in gene sperling this morning. this is becoming the main democratic talking point. they are trying to get republicans to own part of the economic difficulty we're in. i don't think it will ultimately succeed. but for the first time i
one of the big victories that the g.o.p. won through this is to completely move the debate in the direction of spending cuts. they're still at risk of snapping defeat from the jaws of victory overplaying their hand and insisting on their way or the highway. the difference i think is the hit that the g.o.p. is taking from this, as your polls have shown, is probably more transtory. obama has still got to run on the national economic situation in 2012. he can't escape that. for him it's not debt...
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the big question we have is where are revenues in all this? we can talk about that in a minute. let's take a quick break. we'll be right back. >> the clerk will call the roll. ♪ ♪ ♪ ♪ look at that car, well, it goes fast ♪ ♪ givin' my dad a heart attack ♪ [ friend ] that is so awesome. ♪ i love my car [ engine revving ] [ male announcer ] that first chevy, yea, it gets under your skin. ♪ >>> we're taking a look at the picture of the senate floor. the senator from maryland is speaking right now. we just heard from the senate majority leader, harry reid, who told us that he believes they are close to an agreement, which is something that senate mitch mcconnell told us earlier today. i'd like to play for you now, while we're waiting to hear from senator mitch mcconnell on the senate floor, something gene sperling, the director of the national economic council, told me. he said that tax cuts are not on the table for about a year and a half. let's take a listen. thanks for being with us this morning. >> thanks for having me. >> i know you're working around the clock
the big question we have is where are revenues in all this? we can talk about that in a minute. let's take a quick break. we'll be right back. >> the clerk will call the roll. ♪ ♪ ♪ ♪ look at that car, well, it goes fast ♪ ♪ givin' my dad a heart attack ♪ [ friend ] that is so awesome. ♪ i love my car [ engine revving ] [ male announcer ] that first chevy, yea, it gets under your skin. ♪ >>> we're taking a look at the picture of the senate floor. the senator...
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so that's quite a big "if" there. there's a lot of trust he still think he has with progressives moving into an election maybe because he think everyone's going to get spooked on his side by the choice in an election because this deal right now, the embarrassing piece of it for him is that he.we went out a week a there is no trigger mechanism. the compelling piece is all for republicans to sign on, not for -- democrats to sign on, not for republicans. >> trying to put lipstick on this for some progressive who think it is a pig when he said deep pentagon cuts, the threat of it, is something that can motivate republicans and frankly we are actually seeing many members of the republican party speak up on that issue. >> well, look. the fact is democrats needed something to say that they got some skin in this or got something out of it so they looked and said, well we'll say pentagon on one side, and democrats are tossing medicare in there. when you look at those two things, nobody really wants those two things to be cut.
so that's quite a big "if" there. there's a lot of trust he still think he has with progressives moving into an election maybe because he think everyone's going to get spooked on his side by the choice in an election because this deal right now, the embarrassing piece of it for him is that he.we went out a week a there is no trigger mechanism. the compelling piece is all for republicans to sign on, not for -- democrats to sign on, not for republicans. >> trying to put lipstick...
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and one night they put a great big screen up out there. and there's no electricity, but they get a way to get some electricity out there. and they've got a projector. and they project up on the screen, a news special on panning for gold in california. and the idea is, guys will see it up on the screen, and they'll all head for california and get out of, get out of the hair of the people in washington. but there's no trouble, everything is going pretty well. and low and behold, they do get enough votes to get this bill out of committee. and it does go onto the house floor. and it passes the house. vote is for getting them the bonus. hoover has said, president hoover has said he will veto it. but it has passed the house. these guys pulled off a miracle in their lobbying. and now the next question is, what's going to happen with the senate. finally it goes to the senate, and on june 16, they started pulling here in may. but june 16, it goes to the senate. and they know it's going to be a tight vote. there are upwards of 10,000 men, women, chi
and one night they put a great big screen up out there. and there's no electricity, but they get a way to get some electricity out there. and they've got a projector. and they project up on the screen, a news special on panning for gold in california. and the idea is, guys will see it up on the screen, and they'll all head for california and get out of, get out of the hair of the people in washington. but there's no trouble, everything is going pretty well. and low and behold, they do get...
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democrats want to avoid big cuts to social programs. they want to get rid of tax breaks for wealthier americans. there's no reason to expect that one side or the other is going to say you know what? you're right. let's do it your way. that won't happen. and to complicate matters furtherer, there's now a growing group of senate and house republican kwhos say their vote to increase the debt ceiling would be contingent on caps on federal spending and the passage of a constitutional amendment requiring a balanced budget every year. that may sound good, but it would be an uphill slog, amending the constitution, you need a two-thirds majority vote in both houses of congress. that means they would still need 20 votes from democrats. and even if it passed congress, the measure then has to be ratified by three fourths of the state legislatures. that could take a long time. the senate and house versions of this proposed legislation require a balanced budget, beginning in 2018. both also mandate how it must be done. federal spending would be cappe
democrats want to avoid big cuts to social programs. they want to get rid of tax breaks for wealthier americans. there's no reason to expect that one side or the other is going to say you know what? you're right. let's do it your way. that won't happen. and to complicate matters furtherer, there's now a growing group of senate and house republican kwhos say their vote to increase the debt ceiling would be contingent on caps on federal spending and the passage of a constitutional amendment...
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you talk to people in speaker boehner's house, this is a big, big win. i don't know how you can deny it at this point. >> first thing, you shouldn't from the perspective of a ration al person, we shouldn't be talking about spending cuts at l now. we had 9% unemployment. these spending cuts are going to worsen unemployment. it's even going to hold the long-run fiscal picture. we have a situation where more and more people are becoming long-term unemployed. if you have a situation that permanently raises the unemployment rate. which is what this is going to do, that's actually going to reduce future revenues. the spending cuts are going to hurt the long-run fiscal situation. then on top of that. budget cuts that are entirely -- basically the p they well blow up the world economy unless you give us what you want and the president says, okay. that's what happens. >> you've been consistent when you said there should be no gets at a time of recession and weak recovery. what is your scenario once this goes through and there's significant spending cuts and no re
you talk to people in speaker boehner's house, this is a big, big win. i don't know how you can deny it at this point. >> first thing, you shouldn't from the perspective of a ration al person, we shouldn't be talking about spending cuts at l now. we had 9% unemployment. these spending cuts are going to worsen unemployment. it's even going to hold the long-run fiscal picture. we have a situation where more and more people are becoming long-term unemployed. if you have a situation that...
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. >>> another big story we're following. renewed unrest in the middle east. activists inside syria say dozens have been killed as syria ramps up crockdown of activists in front of rama dad. tanks stormed hama before dawn today, killing 62 people in a barrage of shelling and gunfire. hama has seen some of the largest anti government protests. >>> the fate of the two jailed american hikers in iran will be announced within the week according to the hikers' lawyer and a syrian official. they were arrested along the iran/iraq border fortress passing and spying for the u.s. today's news dashes hopes they would be released immediately after the day's final hearing in their case. has a best-in-class driving range of over 500 miles per tank. so you can catch morning tee time in pebble beach and the afternoon meeting in los angeles all without running out of gas. just make sure you don't run out of gas. ♪ but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with uni
. >>> another big story we're following. renewed unrest in the middle east. activists inside syria say dozens have been killed as syria ramps up crockdown of activists in front of rama dad. tanks stormed hama before dawn today, killing 62 people in a barrage of shelling and gunfire. hama has seen some of the largest anti government protests. >>> the fate of the two jailed american hikers in iran will be announced within the week according to the hikers' lawyer and a syrian...
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for years networks have been paying for big interview. they deny it, saying they're providing licensing fees for photos or videos, but it's a fig leaf and everyone knows it. abc news has been one of the worst offenders paying casey anthony $200,000 shortly before she was indicted in the murder of her young daughter and $10,000 to $15,000 to meagan broussard, one of her online pals. but this week i learned abc is getting out of the checkbook business under pressure from chris cuomo, who did the interview, the network is banning payments except perhaps in extraordinary circumstance. spokesman ben sherwood says the payments have become a crutch. will other networks follow suit or score more exclusives with abc out of the pay to play game? >>> here's what bothers me about the latest coverage of piers morgan. i don't have a clue if he had knowledge of phone hacking when he was the daily editor. but they've convicted him with very little evidence, such as when he was asked about the nasty down in the gutter stuff in a 2009 interview with bbc ra
for years networks have been paying for big interview. they deny it, saying they're providing licensing fees for photos or videos, but it's a fig leaf and everyone knows it. abc news has been one of the worst offenders paying casey anthony $200,000 shortly before she was indicted in the murder of her young daughter and $10,000 to $15,000 to meagan broussard, one of her online pals. but this week i learned abc is getting out of the checkbook business under pressure from chris cuomo, who did the...
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now, the president has been pushing a big deal. so what is a big deal? white house officials tell me anything over $2 trillion, but he is pushing for more in the area of cuts that would equal $4 trillion over the next 10 to 12 years. now, this all comes against the backdrop of a report today in the "washington post" saying thatm president obama is putting social security on the table along with medicare and medicaid and when we asked the white house about this, they said, look, this is not news. the president has always supported the idea of small cuts in those entitlement programs to make them more effective as long as the cuts didn't impact beneficiaries and having said that some folks on the hill say there are some scenarios which would see a major overhaul of the entitlement programs, but the white house says they would not want to see anything to overhaul the main programs. but one of the sticking points here, thomas, is taxes. democrats want to see a rollback in tax credits for the wealthy americans and in big corporations, and the republicans have
now, the president has been pushing a big deal. so what is a big deal? white house officials tell me anything over $2 trillion, but he is pushing for more in the area of cuts that would equal $4 trillion over the next 10 to 12 years. now, this all comes against the backdrop of a report today in the "washington post" saying thatm president obama is putting social security on the table along with medicare and medicaid and when we asked the white house about this, they said, look, this...
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today is a very big day, alex. >> trust me, i'm not saying it's done at all. many more hours on the air covering this thing and i expect it to be filled with ranglings. thank you, we'll see you next hour. that's for sure. >>> joining me from washington is eleanor cliff, contributing editor for "the daily beast." >> hi, alex. >> how close do you believe they are to an agreement? >> i think they are close enough to an agreement that we're not going to default, that's as far as i go. it looks like they'll pull it off this afternoon, but i wouldn't put that in writing. because i'm -- you know, they have backed away, and it's posturing at this point. the republicans are sounding more optimistic, because they have been looking like they are the obstructionists, so they don't want to look like they are the bad guys, so they are all cheery about the prospects for a deal. and the democrats are saying, we're not so sure, because the -- the background noise for democrats is the president is giving away too much, so they can't look like they are capitulating easily. more
today is a very big day, alex. >> trust me, i'm not saying it's done at all. many more hours on the air covering this thing and i expect it to be filled with ranglings. thank you, we'll see you next hour. that's for sure. >>> joining me from washington is eleanor cliff, contributing editor for "the daily beast." >> hi, alex. >> how close do you believe they are to an agreement? >> i think they are close enough to an agreement that we're not going to...
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only on big g cereals. you can make a difference.
only on big g cereals. you can make a difference.
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big crowd of everyone. hi, everybody. where are you guys from? >> maryland. >> you having fun here at "today" show? >> having a gd a time. >> let's check thed weather and see what's going on. of course, in texas and pretty hot in maryland andth in thend tropics, getting kind of active. we have a new tropical wave now moving towards martinique. the next tropical storm in the atlantic, which would be emily. still hot there and very, very dry. bone dry with temperatures in the 90s to near 100 degrees. i think i got it. >>> good morning. this is meteorologist nick o'kelly looking at a live golden gate ecc1: bridge where we've got the san francisco marathon going on. it looks like the -- well, we've got a couple of lane of traffic also open but factor that into your travel plans. it could get a little backed up. here's your forecast. low clouds and fog. it's going to be a little slow to clear. this afternoon outside chance of a thundershower south and east of the bay area. ck to the southeast again today. and now here's lester. >> janice, thanks. >>>
big crowd of everyone. hi, everybody. where are you guys from? >> maryland. >> you having fun here at "today" show? >> having a gd a time. >> let's check thed weather and see what's going on. of course, in texas and pretty hot in maryland andth in thend tropics, getting kind of active. we have a new tropical wave now moving towards martinique. the next tropical storm in the atlantic, which would be emily. still hot there and very, very dry. bone dry with...
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this big ridge stays in place and the dry weather is going nowhere. heading up through the lakes, off towards the east. showers and thunderstorms through virginia and the carolinas. that will bring thorps with locally heavy rainfall and spotty showers here for the southern parts of missouri and parts of mississippi early on a sunday morning. a big area of high pressure in the east should keep most of us dry and showers pushing through western new york state for the most part that were dry as we go through the afternoon. sunshine and temperatures above average in the east. we will continue to see the numbers even down near d.c. at 96. further down towards the south, this is afternoon stuff. throw heat on the atmosphere to get us wet weather. showers and showers increase, but mainly dry and sticky in the southern plains. dallas with another 100 degree day. it will continue today, but on through most of the week and out across the midwest. the front coming through with a few showers in places like chicago. >> thanks for the comprehensive report. it was a
this big ridge stays in place and the dry weather is going nowhere. heading up through the lakes, off towards the east. showers and thunderstorms through virginia and the carolinas. that will bring thorps with locally heavy rainfall and spotty showers here for the southern parts of missouri and parts of mississippi early on a sunday morning. a big area of high pressure in the east should keep most of us dry and showers pushing through western new york state for the most part that were dry as we...
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we need to have a competitive country and tax reform would be a big part of that. we also need to have entitlements still there for our children and our grandchildren, and at the rate they're going, bob, they're not going to be there. >> schieffer: i mean, obviously there are going to be some in the tea party, especially in the house, that are not going to go for what you have just talked about. i noticed this morning lindsey graham, senator graham of south carolina is saying he thinks the deal as he understands it now may be moving in the wrong direction. are you convinced you can sell enough republicans just in the senate on this to get it passed? >> well, i'm sure there will be both democrats and republicans who in the end find the agreement wanting in one way or another. but i believe there will be a strong bipartisan support for this. again, this deal has not been finalized yet, but i think we're very, very close to something that i could comfortably recommend to my members and i believe the democratic leadership will be doing the same. >> schieffer: do you th
we need to have a competitive country and tax reform would be a big part of that. we also need to have entitlements still there for our children and our grandchildren, and at the rate they're going, bob, they're not going to be there. >> schieffer: i mean, obviously there are going to be some in the tea party, especially in the house, that are not going to go for what you have just talked about. i noticed this morning lindsey graham, senator graham of south carolina is saying he thinks...
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now the big guy comes up to bat, hitting .342 with 92 rbis and 36 homers. [fans whirring] [ding] announcer: chill raw and prepared foods promptly. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. >>> welcome back to "state of the union." i am gloria borger. candy crowley is off today. and joining me from south dakota, mr. san de, i have to ask you off the bat. you have been listening out there this morning. what is your reaction to what you are hearing from mitch mcconnell and senator schumer? >> great news. sounds like we will avoid a crisis. $3 trillion in deficit reduction over the next ten years is more than what i would have expected. if they follow-through on that it's great news. it gets us close to the fiscal responsibility, and that's what we need to get to to restore stau stainability in the fiscal responsibility. if they pull it off i think we will be in good shape. >> how do you think the markets will react? >> very positively. i think the markets expect they will get som
now the big guy comes up to bat, hitting .342 with 92 rbis and 36 homers. [fans whirring] [ding] announcer: chill raw and prepared foods promptly. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. >>> welcome back to "state of the union." i am gloria borger. candy crowley is off today. and joining me from south dakota, mr. san de, i have to ask you off the bat. you have been listening out there this...
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we will be doing a very big report and not from autumn. we start to say it is hard to know the effect of people are not keeping the data on gender. we are now opening a data gender initiative. what i find most, just to give you an example of what this could be in real life, you cannot get on our web site, and you can punch up a country, and you can see all the projects in the country and learn what is going on in the project. by the end of the years so we will have this for lending as well. you can say we think this is what the results are, but this is what we see in the village. this is a whole transformational climbing of what was traditionally seen as a hierarchal call system. i think it reflects what is happening more broadly. let's go to a couple of questions. in many developed countries there are issues with property items. people do not have documents on the property. how does this affect domestic and element -- development. the question is exactly right, property rights are fundamental. since i was making the point recently on gend
we will be doing a very big report and not from autumn. we start to say it is hard to know the effect of people are not keeping the data on gender. we are now opening a data gender initiative. what i find most, just to give you an example of what this could be in real life, you cannot get on our web site, and you can punch up a country, and you can see all the projects in the country and learn what is going on in the project. by the end of the years so we will have this for lending as well. you...
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we don't know really how big this might become. we know there's a fairly good chance this cluster of storms you have on the map might become a named storm. emily would be the next one. don was a bit of a dud. maybe emily will but you never know, this might be something it could be, maybe the best next to katrina. you never know. these storms form and veer off to the north and usually avoid much of the islands in some of the east coast. there's always the scenario we could see this take a trajectory, make affect the leeward or windward islands. there's also the chance it could thread the needle, go into the gulf of mexico. everything bears watching and that's what we're going to do with this particular system, again, as we speak, it is about 100% chance, the national hurricane center believes, 100% chance this will become a named storm. meanwhile in terms of storms, we might see plenty of them in parts of the northern plains today. all the components are there, the high humidity, with that we also have a lot of heat. that could help
we don't know really how big this might become. we know there's a fairly good chance this cluster of storms you have on the map might become a named storm. emily would be the next one. don was a bit of a dud. maybe emily will but you never know, this might be something it could be, maybe the best next to katrina. you never know. these storms form and veer off to the north and usually avoid much of the islands in some of the east coast. there's always the scenario we could see this take a...
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that's a big, big number this morning. >> steve: sure. and we understand as well, right this very minute in that round building behind you at the capitol, supposedly both sides are trying to figure out how to cut the debt. they're trying to come up with a debt limit deal and they're going to meet with the president again on sunday. but with this information, where the unemployment is going up, mr. baer, you would think that would embolden the republicans 'cause then they can say look, mr. president, you can not raise revenue or increase taxes when unemployment is going that way! >> this doesn't help the negotiations. that's probably true, steve. we have senator mitch mcconnell on fox news sunday before he heads into that big meeting at the white house. it will be interesting to get his take. there is some skepticism on all sides about this deal that is now kind of a mega deal that is said to include restructuring of the tax code, moving down the corporate tax rates, taking out tax loopholes, but also touching on entitlements and medicare
that's a big, big number this morning. >> steve: sure. and we understand as well, right this very minute in that round building behind you at the capitol, supposedly both sides are trying to figure out how to cut the debt. they're trying to come up with a debt limit deal and they're going to meet with the president again on sunday. but with this information, where the unemployment is going up, mr. baer, you would think that would embolden the republicans 'cause then they can say look, mr....
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. >> just how big is the mystery since the highest rating downgraded would be unprecedented. it could cost the u.s. government $100 billion in extra borrowing costs over the term. consumers would also pay. >> we will get back to that in a moment. we wanted to bring you breaking developments. the verdict in the spying trial of two americans that have been held for two years now, you will remember the story. three hikers were arrested two years ago, and iran said they were illegally crossed into iran, and charged them with spying. and one was released and two remained in prison, and they had their day in court in tehran. and now we are told there has been a verdict, but do we know what it is yet? >> reporter: we do not know what the verdict is, but the court had the last session and within one week they will issue the verdict, and according to the attorney for the two that i just talked to, if the verdict is guilty but the sentence is about two years, which is the same time they have served behind bars right now, he was hopeful that would be the case and they would be released.
. >> just how big is the mystery since the highest rating downgraded would be unprecedented. it could cost the u.s. government $100 billion in extra borrowing costs over the term. consumers would also pay. >> we will get back to that in a moment. we wanted to bring you breaking developments. the verdict in the spying trial of two americans that have been held for two years now, you will remember the story. three hikers were arrested two years ago, and iran said they were illegally...
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that was a big story because everybody had anticipated that the court would clarify and needed to clarify the extent to which reporters are able to protect their confidential sources. but in the miller case it was a disi ponte -- disappointing nondecision, just a refusal to take the case. the only case that the court has ever decided on this issue was another one that i worked on the losing side of, and that was back in 1972 and involved earl caldwell, a reporter for "the new york times" who covered the black panther party. and did all the times' coverage of the black panther or party. the court in the caldwell case decided that reporters had to appear before a grand jury who were investigating something about the, about the black an they are party -- panther party, and the reporters had to testify like any other citizen would have to testify. and reporters had no first amendment protection against compelled disclosure of their sources. even if that meant that the sources would dry up, not cooperate, and that would ruin a reporter's ability to report to the public what the sources knew. a
that was a big story because everybody had anticipated that the court would clarify and needed to clarify the extent to which reporters are able to protect their confidential sources. but in the miller case it was a disi ponte -- disappointing nondecision, just a refusal to take the case. the only case that the court has ever decided on this issue was another one that i worked on the losing side of, and that was back in 1972 and involved earl caldwell, a reporter for "the new york...
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>> he's the big key to getting a deal between the president and the leaders. he is not the key to getting the vote in the house of representatives. mitch mcconnell is important. you have the republican house that is resisting a deal with the president and resisting raising the debt limit. you need republicans to move forward, but mitch mcconnell has shown a willingness much more f. he and a senior leader can make a deal t becomes more difficult for republicans to block it in the house. they will lose the republicans anyway. remember, john boehner passed the his plan that has no chance of going forward in the senate. it has debt limit increase on passage of a balanced budget amendment which is not going to happen. mitch connell can try to move that process along, but john boehner has to figure out how to get to a majority in the house. that's why nancy pelosi is relevant again as well as members of the caucus. >> this passage of a budget amendme amendment, if that's not put in there in some shape or form whether tied to raising the debt ceiling or a side bar, w
>> he's the big key to getting a deal between the president and the leaders. he is not the key to getting the vote in the house of representatives. mitch mcconnell is important. you have the republican house that is resisting a deal with the president and resisting raising the debt limit. you need republicans to move forward, but mitch mcconnell has shown a willingness much more f. he and a senior leader can make a deal t becomes more difficult for republicans to block it in the house....
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did that have a big impact? if you had to go back today and look at it would you have done it differently? do you think it was a success, the bill you passed in massachusetts? >> there are a number of things in the bill i would have changed. i continue to think those changes would have been better. you learn from experience. a lot of things i would change. it is not perfect. there are a lot of things in that bill that don't work. the nice thing about a state solution to a state problem it is relatively easy to make changes and improve it. if i were governor of massachusetts, the problems people point out, i would fix. but i'm not running for governor. i'm running for president of the united states. that's why it is important to make cheer, i would repeal obamacare. i will grant a waiver to all 50 states immediately upon taking office. i will go to work to make sure the american people understand that it is at the state level that we care for those that don't have insurance. >> sean: coming up, she almost dethron
did that have a big impact? if you had to go back today and look at it would you have done it differently? do you think it was a success, the bill you passed in massachusetts? >> there are a number of things in the bill i would have changed. i continue to think those changes would have been better. you learn from experience. a lot of things i would change. it is not perfect. there are a lot of things in that bill that don't work. the nice thing about a state solution to a state problem it...
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this is big for the republicans. never done before with a long-term budget plan to bring down the deficit. now everybody agrees also there has to be a balanced approach. they agree to $1.6 trillion in cuts and what the president is saying is there's $400 billion in tax subsidies. tax give ways, as al you mentioned, tot hedge fund managers, that we can no longer afford. now if republicans don't buy that, as david brooks said nothing in the new york times, they are idiots. they don't know how to govern. they won. they ought to take this deal. >> mr. brooks, conservative columnists, is saying come on. you are marginalizing yourself. can't even you even hear from your own people that ideal logically agreed with the republican line. >> well, look, reverend sharpton, you showed some polls a minute ago that showed 70 or 8 30ers don't agree with republican owns this or that or the other thing. if the republicans are standing up for their convictions and beliefs against the tide of public opinion, it may be political courage
this is big for the republicans. never done before with a long-term budget plan to bring down the deficit. now everybody agrees also there has to be a balanced approach. they agree to $1.6 trillion in cuts and what the president is saying is there's $400 billion in tax subsidies. tax give ways, as al you mentioned, tot hedge fund managers, that we can no longer afford. now if republicans don't buy that, as david brooks said nothing in the new york times, they are idiots. they don't know how to...
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it's going to be a big topic of conversation around here. here's what we have on first weather radar. thunderstorms now making their way out to sea. it was a stormy afternoon along those beaches. we'll take you back to this afternoon when all of this was going on. maybe a sprinkle or two but you can see most of the action was down to the south. the winds are light, around to the south and we're going to see patchy fog form tonight because of all of that. temperature wise it will also remain warm. we're 77-degrees now but documents are way up -- dewpoints are way up so it's if you goy outside. -- muggy outside. our high today was 89. we're going to be for most of this forecast. the temperatures up into the low 90s tomorrow, alert goes back into effect and the philly metro region and you can see that does cover the beaches in delaware. here is the front that's been affecting us, it stalled out right over our region. at the same time here's another front and there's an area of disturbed weather to the south of florida. all of these are going to
it's going to be a big topic of conversation around here. here's what we have on first weather radar. thunderstorms now making their way out to sea. it was a stormy afternoon along those beaches. we'll take you back to this afternoon when all of this was going on. maybe a sprinkle or two but you can see most of the action was down to the south. the winds are light, around to the south and we're going to see patchy fog form tonight because of all of that. temperature wise it will also remain...
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he does that by getting a big deal. and he needs to cut entitlements, medicare and social security to get there. the democratic senators and house members especially on the left have been saying nancy pelosi said the other day, there are three big issues for 2012 as far as we're concerned, medicare, medicare, and medicare. and here the president is talking about we're going to cut medicare. pelosi wants to run on we're going to protect medicare, so they're going to have an interesting meeting tomorrow. >> i'd love to be a fly on the wall for that. yeah, jessica, quickly. >> i point out that job numbers come out tomorrow, anderson. they're not going to look good for the white house or congress. and so pushing for something big on all fronts helps everybody looks like they're trying. if it fails they can at least say -- the white house can at least say, hey, we tried. we're trying to do something for the economy. what did they do. >> all right. we'll look for that meeting tomorrow. jessica, thanks very much. david gergen,
he does that by getting a big deal. and he needs to cut entitlements, medicare and social security to get there. the democratic senators and house members especially on the left have been saying nancy pelosi said the other day, there are three big issues for 2012 as far as we're concerned, medicare, medicare, and medicare. and here the president is talking about we're going to cut medicare. pelosi wants to run on we're going to protect medicare, so they're going to have an interesting meeting...
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. >> reporter: nasa quickly cleared what essentially tbawlsz alarm and the big clock rolled once again. >> main engine start. >> reporter: despite lingering concerns about potential rain and lightning -- >> liftoff, the final liftoff of "atlantis." >> -- "atlantis" roared. >> the space shuttle spreads its wings one final time for the start of a sentimental journey into history. >> reporter: the shuttle carried 10,000 of pounds of equipment and supplies to the space station, enough to last through 2012. >> "atlantis" go at throttle up. >> reporter: a camera on the external fuel tank focused closely on the heat shield on the belly of the orbiter. a preliminary analysis revealed no worries, no indications that the vulnerable insulating tile suffered any debris damage on launch. for nasa, this was a textbook start for the end, because when "atlantis" comes home, the 30-year shuttle program will be shut down, a sobering reality that tempered today's celebration. of course, there is still plenty of work to do on this mission, and nasa will stay focused, be assured of, that until "atlantis" r
. >> reporter: nasa quickly cleared what essentially tbawlsz alarm and the big clock rolled once again. >> main engine start. >> reporter: despite lingering concerns about potential rain and lightning -- >> liftoff, the final liftoff of "atlantis." >> -- "atlantis" roared. >> the space shuttle spreads its wings one final time for the start of a sentimental journey into history. >> reporter: the shuttle carried 10,000 of pounds of...
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i think he could fix the big government, fix the big banks, and then what you have to do is ask for regulatory reform. you will unleash the entrepreneurial industriousness of the american people. if you do not, we will continue to be dragged down by entities that are antiquated on the 20th century model that can be applied successfully in the 21st century. i think that is one of the things. other thing is, obviously, we are a country at war. we have men and women defending our freedom and expanding it to others in foreign fields. the ads this has to have a comprehensive strategy not only for dealing the conflict in which we find ourselves but supporting freeway -- freedom movements in places like iran or the opponents of the regime in syria so that this terror- sponsoring states can peacefully implode like the soviet union did because of the people's aspirations for freedom. i continue to think and continue to point out as people are increasingly starting to realize, that the people's republic of, is a reliable model of governance and a threat to american prosperity and security because it is
i think he could fix the big government, fix the big banks, and then what you have to do is ask for regulatory reform. you will unleash the entrepreneurial industriousness of the american people. if you do not, we will continue to be dragged down by entities that are antiquated on the 20th century model that can be applied successfully in the 21st century. i think that is one of the things. other thing is, obviously, we are a country at war. we have men and women defending our freedom and...
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being governor of a big state like texas is successful in economic development. harry -- perry also has a following among economic and social conservatives, so he has the potential to appeal to a broad base of republican caucus goers. >> do you think if he were to get into the race, he would be in competition to win the caucuses? >> it is hard to say. it all depends upon how much time he spends in iowa, how good an organization he puts together, and what kind of vision he is able to show where he would leave the country -- lead the country. >> with rick perry getting into the caucus, doesn't it romney need to rethink where he is setting? >> it is my and standing that his strategy this time is not to spend a lot of time and money here early in the straw poll, but instead but his focus on -- he is going to participate in the debate, and he intends to compete in the caucasus, and i think he recognizes you cannot be a national front runner and not compete in the first state. >> governor perry would come in on the right flank of the republican party. he is a conservat
being governor of a big state like texas is successful in economic development. harry -- perry also has a following among economic and social conservatives, so he has the potential to appeal to a broad base of republican caucus goers. >> do you think if he were to get into the race, he would be in competition to win the caucuses? >> it is hard to say. it all depends upon how much time he spends in iowa, how good an organization he puts together, and what kind of vision he is able to...
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. ♪ we just keep on keepin' on ♪ ♪ keep on ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. >>> welcome back to "hardball." time now for the "sideshow." first up, governor rick perry shocked many of us last week voicing support for new york's right to pass a law allowing gay marriage. let's listen. >> that's new york, and that's their business, and that's fine with me. that is their call. if you believe in the tenth amendment, stay out of their business, if you live in some other state or particularly in if you're the federal government. >> no surprise that didn't sit well with perry's supporters. so how about a clarification? >> it's a small group of activists judges, and frankly, a small handful, if you will, of states and these liberal special interest groups that are intent on a redefinition, if you will, of marriage on the nation, for all of us. to not pass th
. ♪ we just keep on keepin' on ♪ ♪ keep on ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. >>> welcome back to "hardball." time now for the "sideshow." first up, governor rick perry shocked many of us last week voicing support for new york's right to...
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i think it's also important to take note that one of the big issues that the white house has had with the house republican plan and what's really been seen as an area that needed to be negotiated and really could be the thing that could lead to a break-through on a deal is this idea of if you're going to have a two-part increase in the debt ceiling that would take the debt ceiling through the next election, november 2012, it was really how you tied that second increase in the debt ceiling after several months. the whouts senate democrats didn't like the way house republicans were doing it. they felt like it would have led to some sort of chaotic situation like we've seen with all of this back and forth over increasing the debt ceiling. they would have seen that again somewhere around the new year and didn't want to do that. they're looking at really that sort of seam, if you will, in the contempt of of this framework to maybe work it out in a way that is more amenable to the white house and to democrats. >> brianna keilar at the white house live for us tonight. cnn is dedicated to pro
i think it's also important to take note that one of the big issues that the white house has had with the house republican plan and what's really been seen as an area that needed to be negotiated and really could be the thing that could lead to a break-through on a deal is this idea of if you're going to have a two-part increase in the debt ceiling that would take the debt ceiling through the next election, november 2012, it was really how you tied that second increase in the debt ceiling after...
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i think the stimulus was not big enough. too much of it was not in tax cuts that are not an efficient way to get the economy to grow, and one of the things that was under appreciated about a was a big part of what was doing was helping prevent local governments from laying people off. the stimulus gets far less credit than it deserves. actually did help create and protect jobs, but we need more and more targeted efforts right now to actually create jobs. the ideas you hear being talked about right now -- people are talking about, "what about a corporate tax holiday?" all of these corporations are off shoring hundreds of billions of dollars because they have to pay taxes to bring it back to the u.s. we will let them bring it back at 5 cents on the dollar, and maybe they'll use it to create jobs. they are already sitting on literally billions of dollars in profits that they are not spending. or another payroll tax cut. again, same problem. i do not see how that will create jobs in corporations are already making record profits
i think the stimulus was not big enough. too much of it was not in tax cuts that are not an efficient way to get the economy to grow, and one of the things that was under appreciated about a was a big part of what was doing was helping prevent local governments from laying people off. the stimulus gets far less credit than it deserves. actually did help create and protect jobs, but we need more and more targeted efforts right now to actually create jobs. the ideas you hear being talked about...
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big savings -- it's a good look for you. [ blower whirring ] [blower stops] the safety was off. out there with a better way. now, that's progressive. >> you should know that what you're doing in washington is affecting everyone on the streets. each -- so many people i talk to every day, including myself. you know, we're really wrestling with the economy. >> americans voicing their concerns about what's going on in washington. breaking news in the debt ceiling debate to tell you about. senate majority leader harry reid has stopped tonight's expected vote on the debt ceiling proposal. the vote is expected sunday afternoon at 1:00 eastern time. mitch mcconnell is negotiating with the white house. democratic leaders met with the president earlier today, as well. also in the nation's capital, teachers rallying against standardized testing. >> this is what democracy looks like. >> they marched to the white house carrying signs with slogans like children are more important than test scores. and i am not the problem. the group says emphasizing standardizing testing takes the focus away
big savings -- it's a good look for you. [ blower whirring ] [blower stops] the safety was off. out there with a better way. now, that's progressive. >> you should know that what you're doing in washington is affecting everyone on the streets. each -- so many people i talk to every day, including myself. you know, we're really wrestling with the economy. >> americans voicing their concerns about what's going on in washington. breaking news in the debt ceiling debate to tell you...
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the campaign is that you are elected then you have to shift gears to governing mode and that is as big a shift as killing a deer in the woods and then having to cook it in the kitchen. the tools that you use to kill the deer are different than the ones you use to cook it and serve it. or at least they better be. we have folks that successfully campaigned but don't seem to have made the transition from the woods to the kitchen. in a campaign there is no compromise or negotiation. no recognitioning of the possibility that some of the other candidates might actually have ideas that are better or at least more palatable than you own. it would be you with whic suico open a campaign by saying i think my opponents is plan is good. governing is like the championship game where everyone is trying to win and no one wants to lose. no one holds one of those offices because he was humble and self-less. there is a room full of ego and the air is still with those who need to validate that what they said in the campaign is real. the ones who succeed understand they will lose some battles but have to l
the campaign is that you are elected then you have to shift gears to governing mode and that is as big a shift as killing a deer in the woods and then having to cook it in the kitchen. the tools that you use to kill the deer are different than the ones you use to cook it and serve it. or at least they better be. we have folks that successfully campaigned but don't seem to have made the transition from the woods to the kitchen. in a campaign there is no compromise or negotiation. no...
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twice as big. and it would be great if all of it was constitutional, it could be great it was if it was all effective, if it was efficient and it would be great if we could afford it. but t fact is we're where we are today with $1.6 trillion deficits because we can't afford the government we have. and so we've not concentrated on the very areas where we can find mutual agreement, we've had three bipartisan bills in here where we've cut money, significant money, a billion here, $5 billion here, $7 billion here, go through the senate with vast majority votes only to go nowhere. because the allowance for the debate on the underlying bills was stopped. the bills were pulled. so what do we do? well, the first thing we do is we lookt what the problems are. what are the problems? we have a hundred different programs with a hundred sets of bureaucracies for surface transportation alone. why do we do that? why haven't we fixed it? that's a question the american people ought to be asking. we have 82 programs
twice as big. and it would be great if all of it was constitutional, it could be great it was if it was all effective, if it was efficient and it would be great if we could afford it. but t fact is we're where we are today with $1.6 trillion deficits because we can't afford the government we have. and so we've not concentrated on the very areas where we can find mutual agreement, we've had three bipartisan bills in here where we've cut money, significant money, a billion here, $5 billion here,...
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. >> leader mcconnell made a deliberate effort to come to the microphone twice to be emfat big this, and he used the word and emphasized it, seriousness. they have the level of seriousness, on his level. brought up speaking with the vice president and president, making an effort to bring that point across. >> reporter: you know, there was a question to harry reid earlier and again to john boehner, a small thing it would seem but something that could change the dynamic of this whole debate. it didn't even happen in washington, richard. happened when admiral mike mullen, chairman of the joint chiefs who was visiting afghanistan right now, our jim milk krzyzewski chef -- mckrzyz there now. we were asked from a soldier in a war the table, but our men and women are in harm's way, and i'm not going to shortchange them at this critical time. >> if pulls on the heartstrings across america. no doubt. stand by. i know you're watching the meeting that is supposedly happening between the president and democratic leaders. felicia, one last question here. what do you think then is this meeting wit
. >> leader mcconnell made a deliberate effort to come to the microphone twice to be emfat big this, and he used the word and emphasized it, seriousness. they have the level of seriousness, on his level. brought up speaking with the vice president and president, making an effort to bring that point across. >> reporter: you know, there was a question to harry reid earlier and again to john boehner, a small thing it would seem but something that could change the dynamic of this whole...
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Jul 31, 2011
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stay tuned. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve.
stay tuned. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military,...
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Jul 30, 2011
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that could be hurt. >> big time. if we lose our triple a rating, it's absolutely going to affect every dollar in this chrism there is no way around it. so everything that we need is going to cost us more. you can remember that our country runs -- we borrow 43% in order for us to survive. any household or any business -- if this is a business, our country was a business, borrowing 43% to survive, i'd shut it down. it doesn't work. >> gregg: all right. i want to ask you about this 'cause i was talking to a gentleman in a department store two days ago. 86 years old. he really needs his social security check. he's really, really worried about that. the president has sort of suggested that he might have to cut off social security checks. how realistic is that? >> i hate this. i hate the scare tactics that this man continues to do. if you are over 55 years old, you are not impacted by this. it's for the people under 55 who will have a choice in the matter. that's reality. what he's doing is trying to rattle everybody's cag
that could be hurt. >> big time. if we lose our triple a rating, it's absolutely going to affect every dollar in this chrism there is no way around it. so everything that we need is going to cost us more. you can remember that our country runs -- we borrow 43% in order for us to survive. any household or any business -- if this is a business, our country was a business, borrowing 43% to survive, i'd shut it down. it doesn't work. >> gregg: all right. i want to ask you about this...
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bigness is the target. comprehensiveness and balance are our targets. >> why increase the stakes by pushing for a bigger goal with weeks to go before the deadline? the current thinking centers on this man, speaker john boehner. negotiators wondering, can he muster enough votes to get it through the house of representativ representatives. one theory is a bigger deal will help him sell the plan to conservative republicans because it contains even more deficit reduction. >> everything is on the table except raising taxes on the american people. >> congressional and white house staffs will huddle through the weekend to ma'amer out a deal. among the house republicans, spending cuts larger than the increase in the debt limit and no tax increase. some of the items democrats want, extending the payroll tax holiday and closing corporate tax loopholes and finding other ways to increase revenue. leaders mead again on sunday. candy, a bigger deal puts enemies on the table that make both sides worried. tinkering with se
bigness is the target. comprehensiveness and balance are our targets. >> why increase the stakes by pushing for a bigger goal with weeks to go before the deadline? the current thinking centers on this man, speaker john boehner. negotiators wondering, can he muster enough votes to get it through the house of representativ representatives. one theory is a bigger deal will help him sell the plan to conservative republicans because it contains even more deficit reduction. >> everything...
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Jul 31, 2011
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these big changes, big cuts in programs, and going forward that are going have repercussions for a lot of people. this really is unprecedented. here in washington the tendency is to think we'll get a deal at the last minute. this time feels a little different. i'm not sure we're going to get a deal at the last minute. we'll to see what happens at 1:00 a.m. >> you made a great point. when it comes down the debt ceiling everybody was on opposite side. now they've come on to common ground realizing there's no choice it needs to be raised. however what you bring bullpen the cuts and other things that's going on inside are really the sticking points but will reid be able to get the republican support that he needs to move forward or does all of this fall apart? >> well, you know, he's trying to bridge a nine-foot gap with a six-foot bridge. it's hard to imagine the package that is going to be okay with senate democrats and will get through the senate, and is also going to be okay with the tea party republicans or even enough of the republican caucus to provide the votes in the house to get
these big changes, big cuts in programs, and going forward that are going have repercussions for a lot of people. this really is unprecedented. here in washington the tendency is to think we'll get a deal at the last minute. this time feels a little different. i'm not sure we're going to get a deal at the last minute. we'll to see what happens at 1:00 a.m. >> you made a great point. when it comes down the debt ceiling everybody was on opposite side. now they've come on to common ground...
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Jul 31, 2011
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is it level for senior citizens while it gives big tax breaks for oil? is it level so we can give tax breaks to corporations sending jobs overseas? is it on the level for us to make children -- young people and their families pay more for their college education so we can give tax breaks to the high end? is it on the level to bring a boehner bill to the floor that makes all those cuts, undermines social security, eliminates medicare and it doesn't charge one red cent to people who have benefited so much from the greatness of our country? is it our best? is it our best to drag this out for all this time to keep in sess spence as to whether we would -- suspense as to whether we would honor our constitutional responsibility to pay our debts? the constitution says the national debt has to be recognized. it has to be recognized. and recognize weid. president after president, 3 times in -- 32 times in recent memory, including when president bush was president, at that time, even though many of us did not agree with the war in iraq, did not agree the tax cuts f
is it level for senior citizens while it gives big tax breaks for oil? is it level so we can give tax breaks to corporations sending jobs overseas? is it on the level for us to make children -- young people and their families pay more for their college education so we can give tax breaks to the high end? is it on the level to bring a boehner bill to the floor that makes all those cuts, undermines social security, eliminates medicare and it doesn't charge one red cent to people who have...